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Sarah Beeny (the presenter of Property Ladder - see above) once commented that the direction the market moves in isn't that important if you're a serial developer. Her argument is based on price rises and falls being neutral over the long run. If the market shoots up whilst completing a...

I don't know if it's the same in Australia, but after a decade of boom house prices, and a slew of shows like Property Ladder, vendors became convinced that any wreck was worth a fortune. So I frequently saw "projects" that weren't that far off the cost of a renovated place. (Interestingly...